Thousands of small banks will now disappear

No he was digging p old dirt, when I was suspended for failing a pot test.
I was bragging I got 90 days off full pay to clear my system.
 
cawacko said:
To me the Economist has produced the best article on breaking down what's in Dodd-Frank and what the legislation requires from industry. I'm open to hearing from those who read this and disagree with what the Economist says and where/why you believe they are off.


http://www.economist.com/node/21547784
Click to expand...

As much as I respect the Economist (and I do) this quote says it all for me;

A new office within the Treasury department is intended to forecast and head off disasters—already a goal of research groups at the 12 regional Federal Reserve Banks, the Federal Reserve Board, the president's Council of Economic Advisers and numerous federal agencies, not to mention universities, think-tanks and private firms.

Since the Fed failed so utterly to predict the collapse of '08, the Economist should know better than to decry a new agency tasked so.
 
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